Description

Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. Very rarely does one encounter an opportunity to acquire a to the studs fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units. Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Marthas Cafe and the Bottle Inn. This remarkable income property offers excellent investment potential, offered under $2M per unitwell below Hermosa Strand condo values, and generating a gross scheduled income of $425,196. For context, the neighboring 3,750 sq. ft. home on a 2,410 sq. ft. lot sold for $14.25M, highlighting the exceptional value of this offering. Options abound Retain the penthouse as your private beachfront retreat, offer guest accommodations for family and friends, and maximize rental income from the remaining units. This beachfront gem ranks with a h

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